Description
To deploy Zodiac Protocol's fixed and variable yield markets on Osmosis. Zodiac has also committed to airdrop 10% of their total token supply to Osmosis users, with some predetermined rules that will be detailed by the Zodiac team.
Purpose
Zodiac will bring a new DeFi primitive to Osmosis, which will provide liquidity providers with different risk-return profiles via liquidation-free leverage from principal tokens, trading-volume-linked cash flow from yield tokens, and new potential use-cases such as collateral for borrow/lend protocols like Mars.
Useful links
Funding Amount
40,000 USDC (up to 50,000 USDC to cover audit costs)
Payment Structuree
37.5% upfront / 62.5% at completion. The audit cost will be covered by the OGP, up to an amount of 50,000 USDC
Execution
3-4 months
Grantee
JC#8786